Thanks for that - I think the missed targets by some of the other steel companies shows that it is the future we should focus on. The introduction of tariffs changes the playing field altogether.
At $5.47 (28th July) this stock must surely be oversold? Short term worries that Trump may not introduce tariffs seem to have got a little ahead of themselves:- https://www.fool.com/investing/2017/07/28/growing-trump-worries-are-weighing-on-ak-steel-hol.aspx
Don't write this one off just yet - watch for a big sell off and then look at grabbing some cheap stock. Just my opinion.
There will certainly be a time to get back into this one - surely Donald Trump cannot afford not to deliver on steel tariffs?
This is a prime example of the consequences when politicians meddle in business. Initial high hopes that the company would benefit from steel tariffs introduced by Donald Trump seem to have evaporated, and more!
When politics and business meet there is very rarely a successful outcome. I naïvely assumed that because Donald Trump is a “businessman” he would have the right approach to tariffs and what this might do to certain sectors such as steel. At the moment, it does look as though US trade partners are fighting back in relation to tariffs in a tit-for-tat battle. Companies such as AK Steel are unfortunately caught in the crossfire!
Yet another injured pawn in Donald Trumps political games - shame as the sector should have benefitted if the trade tariff increases had been handled correctly and sensibly.
Strong resistance at $4.50. How can these companies plan ahead with strategies, etc when they are currently nothing but pawns in a worldwide game of political poker. Has DT burnt the steel sector for his own good?
